Archivo de la etiqueta: Sustainable Demographic Dividend

¿Quieres hacer riqueza? Càsate

Noticia publicada sobre el SDD en Financia  Post de Estados Unidos

 Estudio tras estudio ha señalado a la institución matrimonial como el principal constructor de la riqueza. Pero muchas veces esa concepción se asimila equivocadamente pensando que uno de los objetivos principales del matrimonio es casarse para obtener dinero.

It is arguably the single most important personal financial decision you wilever make. But few people see it that way.

Marriage. Study after study has pointed to the institution as a wealth builder, yet pre-marriage discussions around money are rare in the Western world and, if you engage in them, the conversations are tinged with accusations of one party being a “gold digger” or “marrying for money.”

This week the the Institute of Marriage and Family Canada put out a release entitled “Have babies, avoid a pink slip?” The group’s latest work maintains men who get and stay married work harder and earn between 10% to 24% more money — a phenomenon seen around the globe. Jeffrey Dew, a professor at Utah State University and a fellow at the National Marriage Project which conducted the study with its Canadian counterpart, says it’s hard to find empirical evidence that people consider what their future spouse is making or will make before tying the knot.

“It is taboo and de-romanticizes marriage but it has been shown that financial stability is a concern. We do know people who are more financially stable are more likely to wed,” says the professor.

Historically, he adds, people made no bones about the fact they were looking for a provider.

“It was a matter of survival in rural areas 200 years ago. You had to find the healthiest and wealthiest person to marry,” he says. Kingdoms were expanded based on marriage.

Flash forward to today and where do financial discussions fit into the world?

You might argue the person you are dating doesn’t care about your car but Mr. Dew’s studies have found people with more expensive cars are more likely to get married. “We toyed with the idea of calling that report ‘Sweet Rides’ — there is still an expectation of financial stability inherent in the decision to marry. People are not going to marry without that.”

Few are willing to couch it in pure investment terms. Is marrying someone in law school like going after a growth stock? Is tying the knot with a partner on his or her second marriage — something they can enter into with obligations like child support and alimony — the equivalent of buying an oil company with mature wells that are running dry?

Head over to the online world, where one can effectively advertise for what they really want in a partner, and some of the questions become a little more direct.

Kim Hughes, head of content and community at Lavalife, said one of advantages of online dating is you can create a profile of yourself that is accurate. You can be as blunt as you want to the point where you list your income in a drop down menu.

She suggests a little creativity. “It’s not very sexy to describe yourself as fiscally conservative but you could say in your profile that owning your own home is big goal of mine or being able to travel,” says Mr. Hughes, adding each description sends out its own message.

But she points out some people are willing to look the other way when it comes to money issues because of what they are getting out of the relationship. “Maybe they are a freak in the sack and that’s going to be enough for you that she can spend all the money she wants,” says Ms. Hughes.

But even her company’s internal polls have indicated money is “far and away” most often the argument trigger in relationships.

“Financial compatibility is the cornerstone of a relationship. If you have two people in relationship and one is the kind that thinks nothing of throwing money around on the latest fashions or the latest toys and the other is the kind to hang on to money for longer term goals, you are going to have conflict,” says Ms. Hughes.

Date coach Christine Hart — she’s certified by the life coaching industry — says people shouldn’t go into an relationship with a figure in their head about what a spouse should make.

But where is the dividing line between marrying for money and looking for someone with good prospects who will provide for you? If you decide you want to stay at home with kids, whether you are male or female, doesn’t that mean you are seeking a partner with high enough income to support you both?

“I think it’s better to look for someone who is financially responsible,” says Ms. Hart. “You can have those type of conversations around the third or fourth date to get an idea about their relationship with money.”

In fact, she tells people to have that conversation early, noting most divorces are caused by either sex or money.

“My view is get it out in a respectful way. Men don’t want to see women shopping for wallets and women don’t want to be seen as someone who can’t take care of themselves,” says Mr. Hart. “The problem is people are not respecting what they truly want in their heart. If a guy marries someone who is an Alpha female and there’s no way she’s going to stay at home, that’s his mistake.”

She says it comes down to how you say it. “If she says what I’d love is to be a stay at home mom, the man knows that’s a single income home and he starts thinking could I do that. It has a financial implication but it comes from a place of honesty and the guy can exit stage left if he thinks no way, I need two incomes.”

But people don’t have those conversations, says Ms. Hart. “It’s just amazing what people don’t talk about in the dating stage.”

Lee Block, who has a blog called The Divorce Chronicles, notes money is a bigger issue the second time around and something that is talked about more openly.

“The reason why is there are children involved and when there are children involved there is usually child support, possible alimony, other expenses that have to come first before you can take care of each other,” says Ms. Block.

But there is also a bitter reality on the second go that marriage doesn’t last forever and you have to think about concrete issues and not just love.

“People the second time are more realistic. You learn from your first time what works and didn’t work. I always tell my clients don’t throw it into the same pot the second time around,” says Ms. Block, who is also a post-divorce coach.

That message is not a tough sell to anyone who remarries. It’s a bit like trying to sell a warranty program to someone who has already had an appliance break down.

But try sellling a prenuptial agreement to someone on the first marriage. “People have this funny thing about prenups, they believe it’s a divorce contract and it’s not. What it does is it protects you and your spouse,” she says. “It’s not about love and trust, it’s about being practical.”

Certified Financial Planner Doug Lamb says he wishes people would put as much thought into a marriage as they do into planning the wedding. “People plan weddings but they should also plan marriages,” says Mr. Lamb, who thinks the ultimate engagement gift might be a all-expenses-paid visit to a CFP.

When he does manage to get a couple into his office before marriage, there’s no opinion from him but rather examination of what a couple’s life goals are and what they can actually afford.

“There are two things. First you have to decide who is going to pay for what,” says Mr. Lamb. “The second aspect is where you sit down with a plan. You start thinking do I want one, two, three kids, do I want a nanny, will someone stay at home. All these things need to be identified first and then see if you can afford them.”

That’s why financial compatibility is so important. “You have to be in sync,” says the CFP. “If you don’t have a financial plan that works, then I don’t think you have a marriage.”

1 comentario

Archivado bajo Bienestar Económico, Estabilidad familiar, Estados Unidos, Fertilidad

Matrimonios fuertes, economías fuertes

Artículo publicado en el New York Times,  por el Dr. Bradford Wilcox, director de investigación del reporte ” The sustainable deomographic dividend(SDD): What marriage and fertility have to do with the Economy? “, en el cual el ICF ha participado como coautor y cosponsor.

Wilcox, quien también es director del National Marriage Project  de la Universidad de Virginia, sostiene que la sostenibilidad del crecimiento económico depende en gran parte de las fortalezas de la familia, las cuales están relacionadas con la fertilidad y el matrimonio.  Este principio, muchas veces pasado por alto, explica en gran parte la crisis económica actual.

“The long-term fortunes of the modern economy depend in part on the strength and sustainability of the family, both in relation to fertility trends and to marriage trends. This basic, but often overlooked, principle is now at work in the current global economic crisis.

That is, one reason that some of the world’s leading economies — from Japan to Italy to Spain to the euro zone as a whole — are facing fiscal challenges is that their fertility rates have been below replacement levels (2.1 children per woman) for decades. Persistent sub-replacement fertility eventually translates into fewer workers relative to retirees, which puts tremendous strains on public coffers and the economy as a whole. Indeed, one recent study finds that almost half of the recent run-up in public debt in the West can be attributed to rapid aging over the last two decades.

Even China may see its sky-high growth “come down to earth in the next few decades as its work force shrinks” because of its one-child policy, as Carlos Cavallé and I argued in a recent report, The Sustainable Demographic Dividend. By contrast, a recent Rand studysuggests that “India will have more favorable demographics than China” over the next few decades, insofar as its work force is poised to grow. In fact, the Rand study suggests that India may be able to use this demographic advantage to outpace China’s economic growth rates by the end of the century.

Finally, it’s not just fertility that matters; it’s also marriage. At least in the West, children are more likely to acquire the human and social capital they need to thrive in the modern economy when they are raised in an intact, married family. In the U.S., for instance, children are more likely to graduate from high school, complete college and be gainfully employed as young adults if they were raised in an intact, married family.

And around the globe, men are more likely to give their work their fullest effort and attention when they are married; this is one reason men worldwide enjoy “marriage premiums” in their income, ranging from about 14 percent (Mexico) to 19 percent (United States) to 35 percent (Russia). So, at least when it comes to men, research suggests that marriage has important implications for worker productivity.

The bottom-line message is that what happens in the home does not stay at home; rather, the size of families, and their stability and quality, has important implications for the health of the global economy”.

Deja un comentario

Archivado bajo Bienestar Económico, Estabilidad familiar, Estados Unidos, Estructura Familiar

ICF se une a consorcio internacional de investigación sobre familia

El Instituto de Ciencias para la Familia de la Universidad de Piura (ICF) se une al consorcio de instituciones que participan en la primera investigación internacional sobre el estado de la familia en el mundo.

Se trata del “The Sustainable Demographic Dividend” (SDD), cuyo reporte  se publicará en octubre del presente año, y del cual el ICF es co autor y co sponsor.

El consorcio de investigación tiene como principales socios al National Marriage Project de la Universidad e Virginia (Estados Unidos) al Social Trends Institute (España), al Institute of Marriage and Family (Canadá) e Intermedia Consulting (Italia).

Participan también la Universidad de Piura (Perú), la Universidad de La Sabana (Colombia), la Universidad de Los Andes (Chile), la Universitat Internacional de Catalunya (España) y la Universidad de Asia y el Pacífico (Filipinas).

La investigación tiene como objetivo principal construir un mapa sobre los indicadores de la situación de la familia en el mundo, a partir de la revisión exhaustiva de las bases de datos internacionales, en cuatro aspectos:  estructura y cultura familiar, procesos familiares y bienestar económico en la familia.

Esta iniciativa busca ayudar a comprender cómo las fortalezas de la familia se relacionan con importantes logros sociales, de salud y educación (especialmente vinculados al bienestar de los niños) ;  y explorar cómo las fuerzas culturales, económicas, y políticas pueden influir en la naturaleza, calidad y estabilidad de la vida familiar en todo el mundo.

Deja un comentario

Archivado bajo Estabilidad familiar